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Your uncle has $181,318 invested at 1.7 percent, and he now wants to retire. He wants to withdraw $10,060 at the end of each year,
Your uncle has $181,318 invested at 1.7 percent, and he now wants to retire. He wants to withdraw $10,060 at the end of each year, starting at the end of this year. He also wants to have $24,782 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $10,060 withdrawals and still have $24,782 left in the end?
19.17
18.67
18.17
17.67
17.17
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